alstry (< 20)

GET READY!!!! You have been WARNED!!!!

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More and more defaulting on their loans. Banks across America in danger of being shut down by the FDIC. The FDIC is running out of money.

...most community banks, residential mortgages were a relatively small part of their business. Instead, their troubles are tied directly to their heavy dependence on real-estate loans — mainly loans to local builders and developers.

The above loans are defaulting at an accellerating rate!!!!!!!!!!!!!!!

(MarketWatch)The number of nonfarm payroll jobs lost could reach a grim monthly record for the current recession when employment data for March are announced on Friday.

This means more people contracting the FU virus!!!!!!!!!!!!!!!!!!!!!!!!!!!! More and more foreclosures, more people collecting unemployment, fewer paying taxes, rapidly rising toxic debt.

No Mr. Geithner....the problem is NOT with the financial system.....the problem is the toxic borrowers.....it was the financial system that infected the borrowers by making loans they never should have.....by proping up the financial system, it does NOTHING to alleviate the debt going toxic.....unless we address the toxic borrowers, the toxic debt will only increase.

Maybe the best way out of this is if the Government takes over ALL of the banks and ALL of the businesses in America????? You think I am joking???? If we keep down this trend.....we are not too far off from reaching this point.....maybe a year or two.....before most in America can't afford to service their debt or revenues to the business slow to the point where they are forced to shut down.

We are sending more troops to Afghanistan. Today, Obama announces the U.S. considering troops to Mexico border region. We are sending troops to North Korea. Sending Troops to Iran??? Pakistan?????

The problem is that we are running out of troops......DON"T WORRY......Mandatory Voluteerism is right around the corner. At least that way our teenagers will have jobs as we confront the largest teenage unemployment problem since the Great Depression.

If Alstry knows this.....you don't think Obama's Chief of Staff is preparing for this right now????

Connect the dots folks.....because soon the dots are going to connect you!!!!!!!!!!!!!!!!!!!!!!!!

How long do you think before Alstry is rated 100 in CAPS.........??????

WASHINGTON -- President Barack Obama is prepared to give struggling U.S. automakers billions more in aid, but only if all sides show that they are ready to make sacrifices to assure the companies have a viable future.

Sounds llike more paycuts to Alstry and more FUing going on...if any of these workers were living paycheck to paycheck...soon the paychecks will not be enough.

WE WILL ALL HAVE TO MAKE SACRFICES.......unless of course you work for Wall Street.

If you really think about it.....the average American Family spends 80-90% of its income on all forms of taxes, interest, and insurance. In recent years, as more families have taken on additional debt, property taxes have gone through the roof, and health insurance costs have skyrocketed....many families are spending over 100% of their income on taxes, interest and insurance.

So if you really think about it....most of America might be better off if Obama just NATIONALIZES everything and provides all citizens food, clothing and shelter in exchange for mandatory volunteering to the Government...

Welcome to the New World Order....mandatory volunteering in exchange for food, clothing and shelther.

Who needs wealth when you have Obama to take care of everything. We should also thank Bush for getting us here in the first place.

WASHINGTON (MarketWatch) -- American companies are still shedding jobs at a furious pace, with upcoming data likely to reveal the unemployment rate for March rising to 8.5% as nonfarm payrolls contracted by nearly 700,000, economists said.

Remember, U6 unemployment is rising at a much faster rate than U3 unemployment. U6 was closer to the way we used to calculate unemployment in previous years......we should be OVER 15% in March......

As more and more companies continue to shed jobs and fewer and fewer businesses hiring....we could very easily see 20-30% unemployment by this summer........

I have to admit.....it would be one year longer than I orignally estimated....but you have to admit....not a single economist in the world....not one....forecasted 20-30% unemployment.....

The District, Maryland and Virginia continued shedding jobs at a rapid pace in February, according to government data released yesterday, with D.C.'s unemployment rate rising to nearly 10 percent.

Unlike the rest of the country, the area benefits from a growing federal workforce, which has helped shield it from the full brunt of job losses in manufacturing, retail and other private sector industries. Still, the unemployment rate in the District rose to 9.9 percent, up from 9.2 percent in January, according to the Bureau of Labor Statistics. City officials said late last year that they didn't expect the rate to get that high until 2010.

A study by the Boston Consulting Group estimated that $7.3 trillion is stashed in offshore banking centers by people either taking advantage of low taxes or simply evading notice of tax authorities back home. Curbing havens is one of the issues facing the Group of 20 summit on the world economic crisis, which gathers rich and leading developing countries in London on April 2.

I think Obama and his non military service staff should all be the first to volunteer. Thats why I strongly support a president having had some military service, unless you have served, you shouldn't force others to do so. Bush's service was weak and Clinton ran to Canada but at least they didn't threaten a draft.

You and I are on the same page on how bleak the future looks. And we just keep banging our heads on the table trying to get people to wake up. I'm starting to wonder if there is any point. They will wake up only as the Tsunami sweeps them out to sea.

It's really quite simple. Nobody's got any *&^king money! We've forgotten how to produce things of value. The only thing anyone has done in this country for years is spend money we don't have to consume crap we don't really need. And it was all made possible by an unconstitutional money-printing Fed and moreigners who shipped us all the fruits of their back-breaking labor in order to get little paper IOUs from our government.

It is literally impossible for our economy to stabilize and turn around now. The game is over. The jig is up. We now have to start producing things of value in this country if we are going to have the luxury of consuming them. And that's going to be a painful decade+ long adjustment.

I sense that you feel like I do about this -- it is so freaking obvious I just can't believe that 98% of people don't get it.